Fadli Fawzi on Central Provident Fund (Amendment) Bill
The Singtel Special Discounted Shares scheme is a legacy scheme, as many Singaporeans who bought the shares would be seniors now, said MP Fadli Fawzi. However, there are several aspects of its implementation that warrant closer scrutiny, he said in parliament on Thursday (May 7). Firstly, if the intent is to give shareholders true ownership and control, then enabling them to hold these shares in regular individual Central Depository accounts would seem more consistent with that goal. Secondly, only a select list of brokers has been authorised to facilitate the sale of these shares and lower-cost options were not included in the list.
The Singtel Special Discounted Shares scheme is a legacy scheme, as many Singaporeans who bought the shares would be seniors now, said MP Fadli Fawzi. However, there are several aspects of its implementation that warrant closer scrutiny, he said in parliament on Thursday (May 7). Firstly, if the intent is to give shareholders true ownership and control, then enabling them to hold these shares in regular individual Central Depository accounts would seem more consistent with that goal. Secondly, only a select list of brokers has been authorised to facilitate the sale of these shares and lower-cost options were not included in the list.
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